Last updated: March 2026
How Much Does Classic Car Insurance Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Classic Car (agreed value $25K, monthly) | $0 – $0 | $30 – $60 |
| Classic Car (agreed value $50K, monthly) | $0 – $0 | $50 – $100 |
| Classic Car (agreed value $100K+, monthly) | $0 – $0 | $75 – $150 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Classic car insurance provides agreed-value coverage for collector and vintage vehicles. Premiums are lower than standard auto insurance due to limited driving.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
Classic car insurance typically costs 40 to 60% less than standard auto insurance. A $50,000 classic car might cost $500 to $1,000 per year to insure.
Most insurers consider vehicles 20 to 25 years old or older as classic cars. Some also cover modified, replica, and exotic vehicles.
Unlike standard auto insurance which pays actual cash value (depreciated), agreed-value coverage pays a pre-agreed amount if the car is totaled, protecting your investment.